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Illinois country grain prices were
lower on Tuesday afternoon.
Speculative and fund selling at
the Board of Trade again helped to push grain prices lower.
In the USDA's Weekly Crop Progress
report, the Illinois corn harvest was estimated
to be 36% complete statewide, compared to 21% last week.
The Illinois soybean harvest was
3% complete, compared to 1% one week ago.
In Northern and Western Illinois country grain dealers quoted
shelled corn bids mostly 10 to 13 cents lower at 7.10-7.25.
Soybean bids were 24 to 29 cents
lower
at 16.10-16.20.
In Central Illinois country grain dealers quoted shelled corn
bids were 8 cents
lower at 7.39-7.54.
Soybean bids were mostly 24 to 30
cents lower at 16.15-16.40.
In the Southern part of the state, shelled corn bids were mostly
7 to 11 cents
lower at 7.32-7.57.
Soybean bids were 30 cents lower
at 16.13-16.30.
Wheat bids were 12 to 15 cents
lower at 8.30-8.52.
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Commercial grain prices paid farmers
by Interior Illinois Country Elevators after 2.00 p.m. Tuesday
are listed below in dollars per bushel:
|
AREA |
US 2
CORN |
US 1
SOYBEANS |
US 2
SOFT
WHEAT |
|
NORTHERN |
7.18 - 7.25 |
16.10 - 16.20 |
|
|
WESTERN |
7.10 - 7.21 |
16.10 - 16.20 |
|
|
N. CENT. |
7.39 - 7.53 |
16.15 - 16.30 |
|
|
S. CENTRAL |
7.42 - 7.54 |
16.33 - 16.40 |
|
|
WABASH |
7.50 - 7.57 |
16.20 - 16.30 |
8.30 - 8.44 |
|
W.S. WEST |
7.32 - 7.52 |
16.13 - 16.26 |
8.38 - 8.52 |
|
L. EGYPT |
7.46 - 7.57 |
16.20 - 16.28 |
8.34 - 8.46 |
Central Illinois average price
Corn: 7.46 1/2 (+ 6 1/2 Z)
Soybeans:
16.27 1/2 (- 12 1/2X)
CONTRACT BIDS FOR JANUARY 2013 DELIVERY
|
AREA |
US 2
CORN |
US 1
SOYBEANS |
***US
2
SOFT
WHEAT |
|
NORTHERN |
7.50 - 7.51 |
16.14 - 16.25 |
|
|
WESTERN |
7.18 - 7.32 |
16.20 - 16.34 |
|
|
N. CENT. |
7.39 - 7.60 |
16.34 - 16.43 |
|
|
S. CENTRAL |
7.47 - 7.64 |
16.31 - 16.47 |
|
|
WABASH |
7.60 - 7.71 |
16.24 - 16.40 |
8.11 - 8.20 |
|
W.S. WEST |
7.42 - 7.66 |
16.44 - 16.63 |
7.96 - 8.17 |
|
L. EGYPT |
7.60 - 7.70 |
16.33 - 16.39 |
8.06 - 8.16 |
***June/July 2013 delivery
Cent. Ill. Average Price at Country
Elevators
|
Week of |
9/13/2012 |
9/6/2012 |
| |
Price--Basis |
Price--Basis |
|
Corn |
7.81 +7Z |
8.03 1/2 +5Z |
|
Soybeans |
17.54 1/2 +7X |
17.47 1/2 + 1/2 X |
Annual Comparison
|
|
August 2012
|
August 2011 |
| |
Price--Basis |
Price--Basis |
|
Corn |
8.15 +12 U |
7.30 +16 U |
|
Soybeans |
17.09 +44 X |
13.59 -11 X |
[Text copied from
USDA-IL
Dept of Ag Market News, Springfield] |
